PROJECT MANAGEMENT PRACTICE EXAM 2026/2027
QUESTIONS AND SOLUTIONS RATED A+
✔✔Execution Phase - ✔✔Requirements:
-Monitoring and control for activities and processes
-Procurement
-Progress completion/payment
People involved:
-Owner
-Supervision
-Consultant
-Contractor
-PM
✔✔Closing Phase - ✔✔Requirements:
-Warranty Period
-Maintenance
-Lessons learned
-Asbuilt drawings
-Checklist
People involved:
-Owner
-Supervision
-Consultant
-Contractor
-PM
✔✔Projects - ✔✔Performed by people
Constrained by limited resources
Planned, executed and controlled
Temporary
Unique
✔✔Operations - ✔✔Performed by people
Constrained by limited resources
Planned, executed and controlled
Ongoing
Repetitive
✔✔Primary objectives - ✔✔Time, Quality, Cost
✔✔Secondary objectives - ✔✔Flexibility, sustainability, cost, risk, responsibility,
certainty, complexity
,✔✔Relation between primary and secondary objectives - ✔✔Time: flexibility,
sustainability
Cost: risk, responsibility
Quality: certainty, complexity
✔✔PM Triple constraints - ✔✔Time, cost, scope
✔✔Frederick Taylor - ✔✔analyzed work patterns and behavior and found out that better
methods can increase the productivity
✔✔Henry Gantt - ✔✔Studied the order of work operations in great detail
Developed charts which details the progress in large projects
Charts used ever since
✔✔Project Management Institute - ✔✔1969
-Launched to promote project management as its own profession
-Advocacy for the profession, setting professional standards, conducting research,
providing access to info and resources
260,000 members
171 countries
✔✔PM Certifications - ✔✔Associate in Project Management (AMP)
Project Management Professional (PMP)
✔✔Construction Project Characteristics - ✔✔1. Defined goal
2. Specific tasks not routinely performed
3. A defined beginning and end
4. Defined deliverables
5. Resources being consumed
✔✔Inertive nature of a project - ✔✔
✔✔Decision Making - ✔✔Important to get good advice early in the project---initiation
phase.
✔✔Progression - ✔✔Projects build up slowly as workers and equipment are brought to
the project and mobilized. Early on only a few activities may occur, but once
mobilization is complete work proceeds at a rapid pace until the end, when production
slows down and the last remaining items are wrapped up. S-curve reflects this.
Line represents cash flow and project completion
Three curves: actual, expected, and initial
✔✔Engineering - ✔✔Heavy or horizontal construction
, Highway, railroad, bridges, utility, dams
✔✔Industrial - ✔✔emphasis on production
project requires a unique team to plan, design, construct and maintain the project
✔✔By use - ✔✔-Residential building construction
-Commercial and institutional construction
-Infrastructure and heavy construction
-Industrial construction
-Environmental construction
✔✔Categories of construction projects - ✔✔By size: by ownership, by scope
✔✔Residential construction - ✔✔Includes single family houses and apartment building
complexes
Privately funded by individual owners or developers
Developers serve as surrogate owners and take charge, making contractual
agreements for design and constructors and financing the sale of the completed
structures
Designs performed by architects and engineers
Construction executed by builders who hire subcontractors for the structural,
mechanical, electrical and other specialty work
✔✔Industrial Projects - ✔✔Involve large scale projects with a high degree of
technological complexity such as oil refineries, steel mills, chemical processing plants
and coal-fired or nuclear power plants
Owners are deeply involved in development
Prefer to work with designers-builders such that the total time for the completion of the
project can be shortened
✔✔Commercial Buildings - ✔✔Schools, universities, medical clinics, hospitals, sports
stadiums, shopping centers, warehouses, offices, hotels
Privately funded, though some projects like schools, courthouses and city offices are
publicly funded
Owner may or may not be familiar with construction industry practices but they're
usually able to select competent professional consultants and arrange the financing of
the constructed facilities themselves
QUESTIONS AND SOLUTIONS RATED A+
✔✔Execution Phase - ✔✔Requirements:
-Monitoring and control for activities and processes
-Procurement
-Progress completion/payment
People involved:
-Owner
-Supervision
-Consultant
-Contractor
-PM
✔✔Closing Phase - ✔✔Requirements:
-Warranty Period
-Maintenance
-Lessons learned
-Asbuilt drawings
-Checklist
People involved:
-Owner
-Supervision
-Consultant
-Contractor
-PM
✔✔Projects - ✔✔Performed by people
Constrained by limited resources
Planned, executed and controlled
Temporary
Unique
✔✔Operations - ✔✔Performed by people
Constrained by limited resources
Planned, executed and controlled
Ongoing
Repetitive
✔✔Primary objectives - ✔✔Time, Quality, Cost
✔✔Secondary objectives - ✔✔Flexibility, sustainability, cost, risk, responsibility,
certainty, complexity
,✔✔Relation between primary and secondary objectives - ✔✔Time: flexibility,
sustainability
Cost: risk, responsibility
Quality: certainty, complexity
✔✔PM Triple constraints - ✔✔Time, cost, scope
✔✔Frederick Taylor - ✔✔analyzed work patterns and behavior and found out that better
methods can increase the productivity
✔✔Henry Gantt - ✔✔Studied the order of work operations in great detail
Developed charts which details the progress in large projects
Charts used ever since
✔✔Project Management Institute - ✔✔1969
-Launched to promote project management as its own profession
-Advocacy for the profession, setting professional standards, conducting research,
providing access to info and resources
260,000 members
171 countries
✔✔PM Certifications - ✔✔Associate in Project Management (AMP)
Project Management Professional (PMP)
✔✔Construction Project Characteristics - ✔✔1. Defined goal
2. Specific tasks not routinely performed
3. A defined beginning and end
4. Defined deliverables
5. Resources being consumed
✔✔Inertive nature of a project - ✔✔
✔✔Decision Making - ✔✔Important to get good advice early in the project---initiation
phase.
✔✔Progression - ✔✔Projects build up slowly as workers and equipment are brought to
the project and mobilized. Early on only a few activities may occur, but once
mobilization is complete work proceeds at a rapid pace until the end, when production
slows down and the last remaining items are wrapped up. S-curve reflects this.
Line represents cash flow and project completion
Three curves: actual, expected, and initial
✔✔Engineering - ✔✔Heavy or horizontal construction
, Highway, railroad, bridges, utility, dams
✔✔Industrial - ✔✔emphasis on production
project requires a unique team to plan, design, construct and maintain the project
✔✔By use - ✔✔-Residential building construction
-Commercial and institutional construction
-Infrastructure and heavy construction
-Industrial construction
-Environmental construction
✔✔Categories of construction projects - ✔✔By size: by ownership, by scope
✔✔Residential construction - ✔✔Includes single family houses and apartment building
complexes
Privately funded by individual owners or developers
Developers serve as surrogate owners and take charge, making contractual
agreements for design and constructors and financing the sale of the completed
structures
Designs performed by architects and engineers
Construction executed by builders who hire subcontractors for the structural,
mechanical, electrical and other specialty work
✔✔Industrial Projects - ✔✔Involve large scale projects with a high degree of
technological complexity such as oil refineries, steel mills, chemical processing plants
and coal-fired or nuclear power plants
Owners are deeply involved in development
Prefer to work with designers-builders such that the total time for the completion of the
project can be shortened
✔✔Commercial Buildings - ✔✔Schools, universities, medical clinics, hospitals, sports
stadiums, shopping centers, warehouses, offices, hotels
Privately funded, though some projects like schools, courthouses and city offices are
publicly funded
Owner may or may not be familiar with construction industry practices but they're
usually able to select competent professional consultants and arrange the financing of
the constructed facilities themselves
